Course Title: Establish legal and risk management requirements of small business

Part A: Course Overview

Program: C6164 Advanced Diploma of Conveyancing

Course Title: Establish legal and risk management requirements of small business

Portfolio: Vocational Education

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Important Information:

Please note that this course may have compulsory in-person attendance requirements for some teaching activities.  

To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption.  

Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209.  

Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus  

  

Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance.


Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

BUSM6503C

City Campus

TAFE

650T Vocational Business Education

Face-to-Face or Internet

 Term2 2019,
Term1 2020,
Term2 2020,
Term1 2021,
Term2 2021

Course Contact: Theresa Lyford

Course Contact Phone: +61 3 99255444

Course Contact Email: theresa.lyford@rmit.edu.au



Course Description

This unit describes the skills and knowledge required to identify and comply with all regulations affecting the business.

It applies to individuals operating a small business who use analytical skills to interpret legislation and regulations and develop procedures to manage compliance.

Pre-requisite Courses and Assumed Knowledge and Capabilities

None



National Competency Codes and Titles

National Element Code & Title:

BSBSMB401 Establish legal and risk management requirements of small business

Elements:

1. Identify and implement business legal requirements

2. Comply with legislation, codes and regulatory requirements

3. Negotiate and arrange contracts

4. Identify and treat business risks

Learning Outcomes


Overview of Assessment

In order to achieve competency in this unit, you must provide;

Performance Evidence

Evidence of the ability to:

  • demonstrate a systematic approach to identifying, managing and meeting legal and regulatory requirements, specifically in regard to WHS, business registration and environmental requirements
  • ensure compliance, by:
    • following taxation and industrial relations principles
    • updating and maintaining legal documents
    • investigating areas of non-compliance
    • monitoring provision of products and services
    • taking corrective action where necessary

  • negotiate and arrange contracts, including:
    • seeking legal advice
    • investigating procurement rights
    • identifying options of leasing or ownership of business premises.
    • Identify, assess and treat risks specific to the business including:
    • prioritising risks with highest probability of occurrence and greatest negative impact on the business
    • identifying insurance requirements

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • outline business registration and licensing requirements
  • identify all government legislative requirements relating to the specific business operation
  • explain creation and termination of relevant legal contracts
  • summarise relevant cultural differences and legal implications
  • describe legal rights and obligations of alternative ownership structures
  • outline necessary record keeping to meet minimum legal and taxation requirements
  • summarise relevant consumer legislation and industry codes of practice
  • outline the key steps in the risk management process
  • explain relevant insurance requirements and products.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the Management and Leadership Small and Micro Business field of work and include access to:

  • office equipment and resources
  • business technology including internet access
  • specialist software for analysis of data
  • relevant legislation, regulations, standards and codes
  • relevant workplace documentation and resources
  • case studies, or where possible, real situations
  • interaction with others.

You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.

Feedback

Feedback will be provided during the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in this course. Assessment may include oral examination. Finally you can email or arrange an appointment with your teacher to gain more feedback on your progress.